Leap Finance, a fin-tech startup which helps Indian students to pursue education abroad, is looking to raise $70-100 million in its Series E round. This round is happening almost after two-years since its last Series D round happened. The company has attracted the interest of many investors and with this funding, it is preparing to…
Waycool, a fast-growing agri-tech startup, has laid off over 200 employees in Chennai, Bengaluru and Hyderabad in its efforts to turn a profit. This is the third round of layoffs in a year. The company is focusing on streamlining roles and automating processes to achieve financial stability.Despite these challenges, WayCool has raised $341 million from…
Apple is planning to manufacture iPhone 16 Pro models in India, which will be available from the first day of the after the launch. This move marks a significant expansion for Apple in India, as earlier only standard models were manufactured in the country. Apple’s this decision can be a major step towards further strengthening…
FMCG giant Emami is all set to acquire men’s grooming brand The Mann Company. This will be the company’s first full-fledged acquisition in the D2C sector. The deal is valued at around Rs 400 crore and is in the final stages.Emami already holds over 50% stake in The Mann Company, while the remaining stake is…
Insurtech leader Acko is making a bold move to revolutionize healthcare! They’ve acquired digital chronic care company OneCare, signaling their intent to become your one-stop shop for health and insurance. The deal was an all-cash transaction, although the company did not disclose the financial details of the acquisition. As part of the deal, OneCare’s cofounders…
Venture capitalists and industry experts have welcomed the removal of angel tax, which is an important step towards accelerating the growth of startups in India. Finance Minister Nirmala Sitharaman during the Budget presentation for 2024-25 announced that angel tax will be abolished for all investors. The angel tax, introduced in 2012 to prevent money laundering,…
UPI platforms PhonePe and Google Pay saw a marginal decline in their total volume while the third largest player Paytm recorded a stagnant growth in the last month.Overall, UPI saw a marginal dip of approximately 1% in total transaction volume to 13.9 billion in June from 14 billion in May. Moreover ,the transaction value also…
According to the port, Amazon India has shown interest in picking up a stake in Swiggy’s instant commerce arm, Instamart, which could be ahead of Swiggy’s Rs 10,414 crore IPO. The move could either be in the form of a pre-IPO placement or a complete buyout. The Economic Times has highlighted several hurdles in the…
All-rounder Hardik Pandya has partnered with FanCode Shop to launch his own performance wear range, marking his foray into the world of startups. Under this exclusive licensing deal, FanCode will design, manufacture and market the products, and work on a revenue-sharing model. The initial product lineup includes T-shirts, vests, polos, shorts and jackets, priced between…
Aereo, a Bengaluru-based business Startup, recently received a $15 million investment! They will be able to enhance their drones and the unique computer programmes they employ for data analysis with the aid of this funding.Aерo assists large corporations in monitoring their valuable assets and machinery with the use of drones and intelligent computer programmes. They…
